Is it TIME to take PROFIT ????
If you've been following our my post for a while, or recently have gotten into any of our undervalued cryptos. Almost all of them are up 10-80% since the low of lows. We are not sure that the wait is over for the bearishness in the market, so it may be wise to take profits on 10-30% of your positions to free up cashflow to buy other cryptos that are still down or if things dip over the weekend, you can simply add to your positions.
Let's take EOS as an example. We mentioned it being underpriced around $5.50-$6. Right now, it is just below $9. That is a 50% gain or more. If you had gotten $1k worth of EOS at $6, you'd have a new $500 to play with. Of course if you got more or less, you can do the math. Then, if it goes back down around the $6 range, or you want to put it into a different coin that may pop, you can. Then, you can hold the rest or as we say, ride it out.
These cryptos have all gone up since we called them undervalued in the last few weeks:
Steem (STEEM)
7 day Increase 41.05%
Lisk (LSK)
7 Day Increase 15.80%
Cardano (ADA)
7 Day increase 38.10%
0x (ZRX)
7 Day Increase 36.93%
Litecoin (LTC)
7 day Increase 41.05%
Stellar (XLM)
7 day Increase 30.54%
Neo (NEO)
7 day Increase 39.50%
NeoGas (GAS)
7 Day Increase 30.24%
EOS
7 day Increase 37.40%
IOTA
7 day Increase 50.90%
WAN Chain (WAN)
7 Day Increase 65.25%
SIA Coin
7 Day Increase 56.39%
these are the crypto that really made some serious increase and if you have a good position in it consider taking some profits out.
Image is taken from cryptoren.com
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It's always time to take profit. So many people are scared to take profit and miss the all-time high. To me it's better to scale out, take some profits along the way and guarantee that you'll be a winner.
i agree @mcdform
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